Norway GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Norway's gdp growth was 1.18% in 2025, ranked 152nd globally. This represents a 43.7% decrease from 2024. Data from World Bank, covering 1961–2025.
Overview
Norway's gdp growth stood at 1.18% in 2025, a decline of +0.92pp from 2024. The IMF projects 1.18% by 2025. Norway ranked 152nd globally.
Norway’s real GDP growth in 2025 was 1.18 percent, placing the economy at 152nd in the World Bank ranking and tying it with Luxembourg’s recent performance. The 65‑year series shows a dramatic contraction in 2009 when growth fell to –1.94 percent, the deepest trough since the post‑global‑financial‑crisis slowdown, while the inaugural year of the series in 1961 recorded the highest annual expansion of 6.27 percent. Over the long run the country has oscillated between modest expansions and occasional recessions, reflecting its reliance on oil‑related revenues and the stabilising effect of a well‑developed welfare state. Compared with peers such as the United Kingdom (1.31 percent) and Iceland (1.43 percent) in the same period, Norway’s growth remains slightly lower, suggesting that future output will depend on the pace of energy transition, fiscal policy adjustments and the global demand for renewable technologies.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 1.33% | - | - |
| 2029* IMF | 1.33% | - | - |
| 2028* IMF | 1.35% | - | - |
| 2027* IMF | 1.56% | - | - |
| 2026* IMF | 1.62% | - | - |
| 2025* IMF | 1.18% | - | - |
| 2025 | 1.18% | −0.92pp | #152 |
| 2024 | 2.10% | +2.03pp | #133 |
| 2023 | 0.07% | −3.17pp | #181 |
| 2022 | 3.25% | −0.66pp | #131 |
| 2021 | 3.91% | +5.19pp | #140 |
| 2020 | -1.28% | −2.40pp | #56 |
| 2019 | 1.12% | +0.29pp | #165 |
| 2018 | 0.83% | −1.64pp | #178 |
| 2017 | 2.46% | +1.30pp | #136 |
| 2016 | 1.16% | −0.69pp | #169 |
| 2015 | 1.86% | −0.19pp | #137 |
| 2014 | 2.05% | +1.03pp | #143 |
| 2013 | 1.02% | −1.70pp | #158 |
| 2012 | 2.72% | +1.61pp | #109 |
| 2011 | 1.11% | +0.32pp | #166 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp growth improve within 24 months. View full analysis →
The global tech sell-off, crypto market instability, and mixed European market performance signal a broader risk-off sentiment and economic uncertainty. While these developments do not directly reference Norway, such external
Frequently Asked Questions
Norway's gdp growth was 1.18% in 2025. Ranked 152nd globally. This represents a 43.7% decrease from the previous year.
Norway's gdp growth peaked at 6.27% in 1961.
The lowest gdp growth in Norway was -1.94% in 2009.
Norway ranks 152nd globally in gdp growth as of 2025.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
Norway's gdp growth is projected to reach 1.18% by 2025 based on IMF projection.
The gdp growth of Norway in 2025 was 1.18%. This ranks 152nd in the world.
Cite this page
@misc{historysaid_norway_gdp-growth,
title = {Norway GDP Growth},
url = {https://historysaid.com/norway/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}